Banque Transatlantique SA Buys New Stake in KKR & Co. Inc. (NYSE:KKR)

Banque Transatlantique SA bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 84,884 shares of the asset manager's stock, valued at approximately $12,555,000.

Other hedge funds have also recently made changes to their positions in the company. Banque de Luxembourg S.A. purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $288,000. Bayesian Capital Management LP increased its holdings in shares of KKR & Co. Inc. by 106.4% during the fourth quarter. Bayesian Capital Management LP now owns 14,163 shares of the asset manager's stock valued at $2,095,000 after acquiring an additional 7,300 shares in the last quarter. Bearing Point Capital LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth about $4,342,000. Benjamin Edwards Inc. boosted its stake in KKR & Co. Inc. by 32.0% in the 4th quarter. Benjamin Edwards Inc. now owns 5,444 shares of the asset manager's stock worth $805,000 after purchasing an additional 1,321 shares in the last quarter. Finally, AXA S.A. grew its position in KKR & Co. Inc. by 196.0% during the 4th quarter. AXA S.A. now owns 88,800 shares of the asset manager's stock valued at $13,134,000 after purchasing an additional 58,801 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE KKR traded down $0.98 on Tuesday, hitting $113.81. 3,547,439 shares of the company traded hands, compared to its average volume of 4,980,898. The business's 50 day moving average price is $111.75 and its 200-day moving average price is $136.60. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $101.09 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business's quarterly revenue was down 67.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. Equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.185 dividend. The ex-dividend date is Monday, May 12th. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio is 31.22%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KKR. Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday. Citigroup lowered their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday. TD Cowen lowered their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $144.73.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.